Rigzone.com: Latest News Headlineshttps://www.rigzone.com/news/The latest oil and gas news from around the world.Copyright 2020 Rigzone.com Inc. All rights reserved.https://images.rigzone.com/images/rz-facebook.jpgRigzone.com Newshttps://www.rigzone.com/news/13120Oil Posts Sixth Weekly Gainhttps://www.rigzone.com/news/wire/oil_posts_sixth_weekly_gain-05-jun-2020-162315-article?rss=trueA US jobs report beat analysts' forecasts, adding to a rally fueled by a tentative OPEC+ deal to extend output cuts.Fri, 05 Jun 2020 20:21:23 GMTMozambique LNG Project Raises $15B of Debthttps://www.rigzone.com/news/wire/mozambique_lng_project_raises_15b_of_debt-05-jun-2020-162314-article?rss=trueLenders have still backed Total's Mozambique LNG, betting on the country's location and the size of gas deposits linked to the project.Fri, 05 Jun 2020 17:36:50 GMTFrac Spread Count May Have Hit Troughhttps://www.rigzone.com/news/frac_spread_count_may_have_hit_trough-05-jun-2020-162313-article?rss=trueRigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending June 5, 2020.Fri, 05 Jun 2020 17:18:53 GMTOffshore Oil's $105B Hangover Compounds Industry Woeshttps://www.rigzone.com/news/wire/offshore_oils_105b_hangover_compounds_industry_woes-05-jun-2020-162312-article?rss=trueAbandonment costs may haunt the industry in the years to come.Fri, 05 Jun 2020 16:51:54 GMTOil Trader Winson Demands Payment From OCBChttps://www.rigzone.com/news/wire/oil_trader_winson_demands_payment_from_ocbc-05-jun-2020-162311-article?rss=trueThe spectacular collapse of Singapore oil trader Hin Leong Trading has sparked another legal skirmish between one of its banks and a trading rival.Fri, 05 Jun 2020 11:38:03 GMTWood Pledges 40 Percent Cut in Carbon Emissions https://www.rigzone.com/news/wood_pledges_40_percent_cut_in_carbon_emissions-05-jun-2020-162310-article?rss=trueWood has pledged to set a science-based target to reduce its scope 1 and 2 greenhouse gas emissions by 40 percent by 2030. Fri, 05 Jun 2020 11:25:09 GMTOccidental Petroleum Hit with Litigationhttps://www.rigzone.com/news/occidental_petroleum_hit_with_litigation-05-jun-2020-162309-article?rss=trueHere are some of Rigzone's top stories during the last week, just in case you missed them...Fri, 05 Jun 2020 10:33:57 GMTNNPC Develops Covid-19 Contact Tracing Apphttps://www.rigzone.com/news/nnpc_develops_covid19_contact_tracing_app-05-jun-2020-162308-article?rss=trueThe Nigerian National Petroleum Corporation has developed a Covid-19 contact-tracing application that will be deployed in all its locations across the country. Fri, 05 Jun 2020 09:39:09 GMTOil Up as OPEC+ Nears Cut Extension Dealhttps://www.rigzone.com/news/wire/oil_up_as_opec_nears_cut_extension_deal-05-jun-2020-162307-article?rss=trueOil was headed for a sixth weekly gain after OPEC+ reached a tentative agreement to extend record production cuts until the end of July.Fri, 05 Jun 2020 08:24:26 GMTPetrofac Win Builds on Decade-long Iraq Presencehttps://www.rigzone.com/news/petrofac_win_builds_on_decadelong_iraq_presence-05-jun-2020-162306-article?rss=trueHere is a recap of some of the most popular downstream-related articles on Rigzone from the past week.Fri, 05 Jun 2020 11:47:07 GMTOil's Recovery Is Being Rattled by OPEC+ Discordhttps://www.rigzone.com/news/wire/oils_recovery_is_being_rattled_by_opec_discord-04-jun-2020-162305-article?rss=trueOil's recovery is being frustrated by a standoff between some of the world's biggest crude producers.Thu, 04 Jun 2020 21:06:50 GMTEnbridge Adds Former Central Banker to Boardhttps://www.rigzone.com/news/enbridge_adds_former_central_banker_to_board-05-jun-2020-162304-article?rss=trueEnbridge has named Stephen S. Poloz, former governor of the Bank of Canada, as a director.Fri, 05 Jun 2020 11:42:59 GMTNew Canada Regulation Aims to Streamline Offshore Permittinghttps://www.rigzone.com/news/new_canada_regulation_aims_to_streamline_offshore_permitting-05-jun-2020-162303-article?rss=trueThe new ministerial regulation implements a new regional assessment process.Fri, 05 Jun 2020 11:42:31 GMTArcher Inks Decomm Contract With Repsolhttps://www.rigzone.com/news/archer_inks_decomm_contract_with_repsol-05-jun-2020-162302-article?rss=trueArcher is the sole provider of all downhole services on the Gyda Plug and Abandonment Campaign.Fri, 05 Jun 2020 11:46:47 GMTSyncrude Services Contract Goes to Worley https://www.rigzone.com/news/syncrude_services_contract_goes_to_worley-05-jun-2020-162301-article?rss=trueWorley will provide construction and site maintenance services for the Canadian hydrocarbon facilities over a five-year term.Fri, 05 Jun 2020 11:46:58 GMTEni Restructures With Two New Business Groupshttps://www.rigzone.com/news/eni_restructures_with_two_new_business_groups-05-jun-2020-162300-article?rss=trueAlessandro Puliti will lead Natural Resources and Massimo Mondazzi will lead Energy Evolution. Fri, 05 Jun 2020 11:43:37 GMTOPEC+ Talks Deadlock as Iraq is Slow With Output Cutshttps://www.rigzone.com/news/wire/opec_talks_deadlock_as_iraq_is_slow_with_output_cuts-04-jun-2020-162299-article?rss=trueIraq said it will only be able to reach its output target at the end of July.Thu, 04 Jun 2020 17:03:10 GMTBP Aims to Sell More Than $1B Stake in Oman Gas Projecthttps://www.rigzone.com/news/wire/bp_aims_to_sell_more_than_1b_stake_in_oman_gas_project-04-jun-2020-162298-article?rss=trueBP is considering cutting part of its 60 percent holding in the Khazzan natural gas field.Thu, 04 Jun 2020 16:18:31 GMTKrisEnergy Suspends Oil field and Cuts Staffhttps://www.rigzone.com/news/krisenergy_suspends_oil_field_and_cuts_staff-04-jun-2020-162297-article?rss=trueKrisEnergy revealed Wednesday that production at its operated Wassana oil field in Thailand has been suspended until further notice.Thu, 04 Jun 2020 11:39:26 GMTUS and Australia Sign SPR Lease Agreementhttps://www.rigzone.com/news/us_and_australia_sign_spr_lease_agreement-04-jun-2020-162296-article?rss=trueThe United States has finalized a Strategic Petroleum Reserve lease agreement with Australia.Thu, 04 Jun 2020 10:52:39 GMT